Hi, I'm new here, so I'm not sure if this is the right section to post this in, but I'm from Arizona, and next year (class of 2014) will most likely be attending Utah State University. I know all states have different residency laws, and Utah happens to be a state where you can establish residency after 12 consecutive months of living in the state, with certain situations met. I have a question though.
I am currently declared as a dependent on my parent’s income tax. One of the requirements for Utah residency is to be declared as an INDEPENDENT. My question is what will happen if I do declare myself as an independent on me and my parents tax forms, or can I even do it (I am 18 years old, will be 19 when I begin school)? My parents plan to help me pay for some of my tuition/other fees and help me along in college, while I pay the rest. Utah residents save a good 8.5k per year in tuition costs, which is better spent going elsewhere.
My general question is: what will happen when I declare independent? Will I lose the ability to have my parents help me pay for college? ECT...
Thanks a bunch